Nansha launches 10 measures to help companies overcome difficulties

Guangzhou's Nansha district launched a batch of 10 preferential policies for local companies to achieve a balance between COVID-19 pandemic prevention and control, and socio-economic development, local media outlets reported on July 9.

The policies have cast eyes on the most concerned appeals from local companies considering the impacts caused by the current COVID-19 pandemic in Guangzhou, such as fee reduction and inclusive regulation.

They will be valid until Dec 31, 2021 and companies can benefit from both these 10 policies and other supportive policies launched by the country, provinces, cities and districts.

Local small and micro enterprises will be allowed to apply for postponing repaying capital with interest while companies managing finances, leasing, and commercial factories are encouraged to launch supportive measures, such as rate cutting and penalty cutting.

Employers meeting certain requirements with little to no job cuts will be rewarded for stabilizing employment. Large companies can get a return of no more than 30 percent of their actual payment of unemployment insurance premiums last year, and the return rate for small and micro companies is no more than 60 percent.

The real estate and land of taxpayers in medium and high-risk areas and areas in lockdown can be exempt from urban and township land-use tax and real-estate tax for the months of June and July 2021, after applications.

Commercial complexes in the district that reduce the rents of their lessees can get a subsidy of no more than 500,000 yuan ($77,214) and companies offering emergency supplies and agricultural products for medium and high-risk areas and areas in lockdown can get a 100,000 yuan reward.